If you own digital assets, it certainly may be possible to include them in your estate plan. However, it often depends on the type of asset you hold. For example, perhaps you have purchased cryptocurrency, which is a type of digital currency. It is held in an online...
You may spend years building wealth through real estate, a family business or long-term investments. As your estate grows, it is easy to assume those assets will provide everything your loved ones will need after your death. However, a valuable estate will not always...
Advance health care directives are important supplementary documents for modern estate plans. They allow people to provide instructions regarding their medical care if they become incapacitated. One of the important issues that people may address in an advance health...
Most adults have the legal authority to create a will and other estate planning documents. They can provide instructions about the distribution of their property after their death or empower people they trust to assist them in an emergency scenario. However, not every...
Expensive assets can lead to estate disputes. For instance, maybe a parent has a net worth in the millions, but they leave 90% of their financial assets to one of their adult children and just 10% to the other. The sibling who received less may believe that they...
A revocable living trust is only as strong as the assets you place in it. An unfunded or partially funded trust can cause unnecessary stress and still require families to go through probate. Careful funding and regular updates help your trust function properly when it...
Setting up a revocable living trust often raises a practical question: who takes on the role of managing the trust assets? The answer might be simpler than you expect. Path to self-trusteeship California allows you to serve as the settlor, trustee and beneficiary of...
A will may be the cornerstone of an estate plan or possibly the only document an adult has in place. The terms that a testator outlines in a will dictate who inherits property from their estates and also who oversees the administration of their estate after they die....
In California, you can use an advance health care directive if you want to spell out your wishes for future medical care. This is a common part of estate planning, especially as people grow older. Your advance health care directive can focus on certain types of...
You may sit down to write a will and feel confident you have accounted for everything, listing your assets, designating beneficiaries and making decisions that appear straightforward and complete. On paper, the document seems final. Yet many wills omit important...
